Saudi Energy has secured a shariah-compliant Murabaha financing facility with a total committed amount of SAR15.8 billion from a consortium of seven leading Saudi banks to support its general corporate purposes.
Al Rajhi Capital, a leading financial services provider in Saudi Arabia, has collaborated with top ratings agency S&P Global to launch the "Al Rajhi Capital Saudi Construction Index", a new high-frequency indicator designed to track changes in business conditions across the kingdom’s construction sector.
The Saudi Arabia economy is showing resilience despite a sharp hit to oil production from regional conflict, with a surge in crude prices helping offset the impact, according to a report by Al Rajhi Capital.
Al Ramz Real Estate said it has signed an agreement with a fund managed by Al Rajhi Capital, a leading financial group in Saudi Arabia, to develop two residential towers on a plot spanning over 6,000 sq m in the King Abdulaziz Road District in Makkah.
